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June 9, 2023

New Haven garners No. 24 spot in national ranking of life science talent

PHOTO | FILE IMAGE New Haven
By Michelle Tuccitto Sullo

New Haven has ranked 24th nationally in an analysis of U.S. life sciences research talent. 

Dallas-based real estate and investment firm CBRE Group Inc. this week issued its “U.S. Life Sciences Research Talent 2023” report. It is CBRE’s second annual analysis of the country’s life sciences research talent pool. 

New Haven is home to several bioscience companies, such as Arvinas Inc., Biohaven Ltd., Rallybio and BioXcel Therapeutics.

The report shows New Haven’s total number of employees in life science occupations as of 2022 was 1,120. The average wage for a biochemist was at $126,586. 

The report also notes the top life science colleges and universities in the New Haven market, ranked in order, include Yale University, Quinnipiac University, the University of New Haven, Southern Connecticut State University and Post University. According to the report’s New Haven market analysis, there were 940 degree completions in the biological and biomedical sciences in 2021. Of that amount, 441 were bachelor’s degrees, 394 were master’s degrees and 105 were doctorates.

CBRE evaluated each of the largest 74 U.S. life sciences labor markets for its report. It considered multiple criteria, such as the number and concentration of life sciences researchers, number of new graduates with life sciences degrees, and local job concentration. 

The top three markets are Boston/Cambridge, the San Francisco Bay area, and Washington D.C./Baltimore area, according to the report.

“Any expanding industry needs a strong pool of new graduates, and that’s certainly the case for life sciences,” said Taylor Stucky, associate research director for CBRE’s Life Sciences and Healthcare Research. “There is no shortage of quality and available talent in dozens of U.S. markets for life sciences companies to choose from depending on their real estate and labor needs.”

The number of life sciences researchers in the U.S. increased by 87% over the past 20 years, compared with 14% for all U.S. occupations, according to the report.

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